New Medical Fast Approval Policy
As Part of our industry leading finance initiatives, Credit One are pleased to introduce our new Medical Fast Approval Policy which is effective Monday 2nd December 2013. Available to General Practitioners, Medical Specialist, Dentists & Veterinarians, this policy allows for purchase of Motor Vehicles* and Medical Equipment ≤ $250,000 with a streamlined no financials process.
Eligibility:
- Customer must be a Medical/Dental/Veterinary Practitioner who is owner or partner and has been operating for more than two years.
- Motor Vehicle and Medical Equipment up to 3 years old and from a recognised supplier. Sale/Hire back allowable within 30 days of acquisition.
- Medical Equipment excludes fit out, fixture/fittings, furniture, computers etc.
- Aggregate exposure under policy for Motor Vehicles & Medical Equipment is $250,000.
- Standard Equipment Finance Product Rules (RV’s & term etc.) to apply.
- Borrower/Guarantor/s have a satisfactory Credit Bureau & ASIC record.
- Borrower/Guarantor/s does not have adverse on credit history.
- For New to Bank customer the Borrower/Guarantor/s owns residential property.
- All statutory payments are up to date.
- Additionally for medical professionals they can access Insurance Premium Finance (IPF) for both cancellable and non-cancellable policies.
- For new to bank customer less than $150,000.
- For existing customer's less than $250,000 (25% increased beyond $250,000 is permissible for renewals up to a maximum of $350,000).
To find out more, phone 1300 CREDIT (1300 273 348) to talk with one of our experienced consultants.
